2017年私募股权市场有所调整，基金募集规模大幅下滑，股权投资更青睐于大项目，重组并购增速放缓，退出仍主要靠IPO。政府引导基金、产业资本、并购基金共同助力供给侧结构性改革与产业升级，人工智能、共享经济、智能制造、半导体、新零售等领域是未来几年重点投资行业。展望2018年，投资机构加剧分化，GP通过提升服务质量提高竞争力，项目估值趋于合理，私募股权投资将继续保持相对活跃。
In 2017，the private equity market has been adjusted.The scale of fund raising has declined sharply.Equity investment is more favored by big projects.The growth rate of M＆A is slowing down.The exit of PE fund is still mainly through IPO.Government guidance fund，industrial capital，and M＆A fund play important role in supply side reform and industrial upgrading.In the next few years，artificial intelligence，sharing economy，intelligent manufacturing，semiconductor，new retail and other areas is the focus of the investment industry.Outlook 2018，the investment institutions have become more differentiated，and GP will be more competitive by improving the quality of service.The valuation of the project tends to be reasonable，and the private equity investment will continue to be relatively active.
| Keywords： | Investment TrendChinaPrivate Equity |
